SEA (NYSE:SE) Receives Reduce Rating from Phillip Securities

Phillip Securities reiterated their reduce rating on shares of SEA (NYSE:SE) in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a $100.00 price target on the Internet company based in Singapore’s stock, up from their previous price target of $80.00.

SE has been the topic of several other reports. TD Cowen raised their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Citigroup cut their target price on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Performance

SE opened at $116.31 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The business has a fifty day simple moving average of $96.02 and a 200 day simple moving average of $80.43. SEA has a 1 year low of $34.35 and a 1 year high of $117.85. The company has a market capitalization of $66.57 billion, a PE ratio of 775.40 and a beta of 1.52.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted ($0.26) EPS. The company’s revenue was up 30.8% compared to the same quarter last year. Research analysts expect that SEA will post 0.8 EPS for the current year.

Institutional Investors Weigh In On SEA

Several hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its stake in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC raised its position in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the 3rd quarter worth about $587,544,000. Kora Management LP increased its stake in shares of SEA by 9.4% in the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after buying an additional 400,000 shares during the period. Finally, Eminence Capital LP raised its position in shares of SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after acquiring an additional 1,408,314 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.